CHARLOTTE, N.C., Oct. 13, 2020 /PRNewsCentre/ — The pandemic has reshaped so much of our lives, including the way we shop for groceries. From how often people shop to how much they spend, to which products they buy, the COVID-19 crisis has had an impact, according to a recent LendingTree survey.
Whether it’s due to having more family members at home for every meal or because consumers tend to panic shop and stock up in times of crisis, the pandemic has definitely brought with it increased grocery spending costing households around $100 more a month than before the spread of the coronavirus. In fact, another LendingTree study found grocery store spending is up in 49 states.
"The more you plan and avoid impulse purchases, the better off you’ll be," said LendingTree’s Chief Credit Analyst, Matt Schulz. "Add in some coupons, watch for sales, and earn cash back, and you can maximize your grocery spend even more."
To view the full report, visit: https://www.lendingtree.com/credit-cards/survey-grocery-shopping-food-buying-pandemic/
LendingTree commissioned Qualtrics to conduct an online survey of 1,052 consumers in the U.S., with the sample base proportioned to represent the overall population. The survey was fielded Sept. 18-22, 2020.
LendingTree (NASDAQ: TREE) is the nation’s leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student loans, insurance, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. My LendingTree proactively compares consumers’ credit accounts against offers on our network and notifies consumers when there is an opportunity to save money. In short, LendingTree’s purpose is to help simplify financial decisions for life’s meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree